Virginia Clay Dorman Foundation
- Assets
- $16.0m
- Revenue
- $484.7k
- Investments
- $15.3m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 46-1626857
Organization Overview
Virginia Clay Dorman Foundation is located in Fort Worth, TX. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Clay Dorman Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Virginia Clay Dorman Foundation generated $484.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (33.9%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Virginia Clay Dorman Foundation has awarded 124 individual grants totaling $7,230,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Clay Director | 1 | $2,000 | |
Karen Patterson Vargas Director | 0.5 | $2,000 | |
Michael Alan Patterson Director | 0.5 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23,715 |
| Dividends & Interest | $402,605 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,806 |
| Capital Gain Net Income | $57,806 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $554 |
| Total Revenue | $484,680 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,764 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $82,843 |
| Total operating and administrative expenses | $116,810 |
| Contributions, gifts, grants paid | $1,750,000 |
| Total expenses and disbursements | $1,866,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,618 |
| Savings and temporary cash investments | $457,326 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $15,335,893 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,025,837 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Virginia Clay Dorman Foundation has awarded $1,750,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ALL SAIINTS HEALTH FOUNDATION BAYLOR SCOTT AND WHITE PURPOSE: FURTHER THE EXEMPT PURPOSE OF THE RECEIPIENT | $100,000 |
COOK CHILDREN'S HEALTH FOUNDATION PURPOSE: FURTHER THE EXEMPT PURPOSE OF THE RECEIPIENT | $150,000 |
FORT WORTH PREGNANCY CENTER PURPOSE: FURTHER THE EXEMPT PURPOSE OF THE RECEIPIENT | $20,000 |
KIMBELL ART MUSEUM PURPOSE: FURTHER THE EXEMPT PURPOSE OF THE RECEIPIENT | $50,000 |
GLADNEY CENTER FOR ADOPTION PURPOSE: FURTHER THE EXEMPT PURPOSE OF THE RECEIPIENT | $10,000 |
LIGHTHOUSE FOR THE BLIND PURPOSE: FURTHER THE EXEMPT PURPOSE OF THE RECEIPIENT | $63,000 |